Tag: game-changing disruption

The opportunities are just some of the reasons why the Chartered Insurance Institute is delighted to support this research into the challenges facing the insurance community as it looks to ensure it remains relevant to the changing needs of a changing society.

The brave new world is right now, and throwing up opportunities for insurance to demonstrate its value to customers – in both personal and commercial lines – embracing on-demand, lifestyle solutions and new emerging risks.

And an opportunity to be more transparent with customers to explain how insurance works – both key to improving customer trust in the insurance profession.

Insurance companies need to show increased readiness to partner with challengers in order to accelerate their own digital transformation.

Our survey finds an industry with a growing appetite for innovation and a window of opportunity in which to leverage data flows from the Internet of Things combined with the power of artificial intelligence and the security of blockchain to deliver its own game-changing disruption.